"I think that we do extra well, partly given that we have fewer resources than is the case internationally."
Mr Elliffe said the rankings, only in their second year, had been great for the international reputation of New Zealand education.
"We've already been seeing more interest since our very high ranking last year so this will help maintain that.
"We are very pleased to have been highly ranked again."
Staff at QS say the rankings are good evidence that New Zealand education is making its mark on the world stage.
Ben Sowter, head of research at QS said global competition was "shaking up the established order".
"The financial crisis has eroded the ability of leading universities in the US and UK to monopolise."
QS spokeswoman Simona Bizzozero said academics around the world viewed New Zealand institutions as "truly world class".
"New Zealand is one of the world's top study destinations and these rankings indirectly contribute to promoting awareness about the excellent institutions of the country," she said.
New Zealand universities in the top 50
Rank - Subject - Institution
23 - Law - Victoria University of Wellington
32 - Psychology -The University of Auckland
34 - Law - The University of Auckland
37 - Education - The University of Auckland
39 - Accounting & Finance - The University of Auckland
39 - Psychology - University of Otago
40 - Pharmacy and Pharmacology - The University of Auckland
48= - Geography - The University of Auckland
50= - Education - Massey University